Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$31,447$31,447$283,500
Remaining term (yrs)4.54.530.0
Secondary amount$0$252,053$0
Funding fee$157$157$0
Note rate7.090%7.090%7.400%
Blended rate7.090%7.677%7.640%
1st payment$671.36$671.36$1,962.90
2nd payment$0.00$1,627.84$0.00
Taxes / mo$86.58$86.58$86.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$907.94$2,535.78$2,256.18
Cash to close$283,553$31,500$31,500